Aluminum market sinks. Car production to be blamed.

Aluminum price decreased in more than 30 percent from last January

Yet, some chances for recovery with this strategic industrial metal are seen in last weeks.

Yet, price of aluminum ton on world commodity exchange was on the price of $2,500 last January. Since that the price decreased in more than 30 percent, while in October it seemed the fall wouldn’t stop even on $1,700 dollar. Last month brought some recovery and for example London Stock Exchange announced breaking the $1,800 per ton limit this week.

The dramatic aluminum price reduction is caused mainly by decreasing transport equipment manufacturing, which affected basically all parts of the developed world. And automotive production is one of the key consumer sector. The upcoming months will show whether we are dealing with a short-term situation only or whether that is a changing trend on the aluminum market. Car factories explain the current production decrease by high comparison base from last autumn. In that time, record-high amount of cars were sold before the Exhaust Emission Standards of Gasoline or Gas fueled vehicles came into force.

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Gulf Brokers Ltd. Review

Comparing spreads, commissions, trading platforms, rules and reading dozens...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Altman wants to coordinate AI development slowdown with competitors, Bloomberg reports

Technology company OpenAI is considering slowing down the development...

Challenger Banks vs Traditional Retail Banks: Fees and Services Compared in 2026

The line between challenger banks and traditional retail banks is becoming...

Apps Like Klarna: 6 Best BNPL Alternatives in 2026

Buy Now, Pay Later has evolved from a checkout...

Google invests 13 billion euros in AI infrastructure in Finland

American company Google, which is part of the Alphabet...

Mercuryo Review 2026: Payment Gateway, Crypto On-Ramp and Fees Explained

Buying cryptocurrency no longer necessarily means opening an account...

China’s exports rose 25 percent in August thanks to demand for technology and cars

China's year-on-year export growth rate accelerated in August thanks...
spot_img

spot_imgspot_img